FacultyFaculty/Author Profile
Matthew P. Salerno

Matthew P. Salerno

Cleary Gottlieb Steen & Hamilton LLP

New York, NY, USA


Matthew P. Salerno is a partner based in the New York office.

Mr. Salerno’s practice focuses on corporate and financial transactions, particularly public and private mergers and acquisitions, private equity investments, and contests for corporate control.

Mr. Salerno’s recent representations include:

  • Medtronic in its $42.9 billion acquisition of Covidien;
  • Warburg Pincus in its acquisitions of Wencor Group, Electronic Funds Source, CROSSMARK Holdings and Endurance International Group;
  • TPG in its acquisition of Envision Pharmaceuticals Holdings and its complementary businesses including Envision Insurance Company, Envision Medical Solutions, Orchard Pharmaceutical Services and Design Rx;
  • Google in its $12.5 billion acquisition of Motorola Mobility; Alpha Natural Resources in its $8.5 billion acquisition of Massey Energy. Previously counsel to Alpha Natural Resources in its $2 billion merger with Foundation Coal Holdings, as well as other M&A and governance matters, including the receipt of a large break-up fee from Cleveland Cliffs Natural Resources in 2008;
  • Western Digital in its divestiture transaction in connection with obtaining regulatory clearance for its $4.8 billion acquisition of Viviti Technologies (formerly Hitachi Global Storage Technologies); Medtronic in its $800 million acquisition of Ardian. Previously counsel to Medtronic in connection with its $500 million acquisition of Invatec and two related companies, Fogazzi and KRAUTH Cardio- Vascular, and in its $3.9 billion acquisition of Kyphon;
  • Special Committee of the Board of Directors of Interactive Data Corp in the $3.4 billion sale of the company to a private equity consortium of Silver Lake and Warburg Pincus;
  • Dollar Thrifty Automotive Group in its $2.3 billion merger with Hertz;
  • Envision Pharmaceutical Holdings, a national, full-service pharmacy benefit management company, in its acquisition of Laker Software for cash and an equity stake in Envision;
  • Endurance International Group, a portfolio company of Warburg Pincus engaged in the web hosting and domain registration business, in its acquisitions of Hostgator.com and of the websites business of Intuit;
  • XL Capital (now XL Group) in its redomestication from the Cayman Islands to Ireland through a Scheme of Arrangement;
  • Citigroup in its $20.3 billion public exchange offers of common stock for preferred stock and trust preferred securities;
  • Evraz Group in its successful $2.3 billion public tender offer for Oregon Steel Mills and in its $4 billion acquisition of IPSCO and the simultaneous divestiture to OAO TMK of certain of IPSCO’s U.S. assets;
  • Citibank in its $1.4 billion acquisition of The Bisys Group, an NYSE listed provider of back office solutions, and the simultaneous sale to J.C. Flowers & Co., of Bisys’ insurance and retirement solutions business;
  • Capital One Financial in its $14.6 billion acquisition of North Fork Bancorporation;
  • American Express Company in connection with its spin-off of Ameriprise Financial;

Mr. Salerno was named "Dealmaker of the Week" in 2014 and 2012 by The AmLaw Daily, and recognized as a "rising star" in mergers and acquisitions by Law360 in 2012. He is also recognized as a leading lawyer by The Legal 500 U.S. and IFLR 1000: The Guide to the World’s Leading Law Firms.

Mr. Salerno joined the firm in 2001 and became a partner in 2010. He received a J.D. degree from Fordham University School of Law in 2001 and an undergraduate degree from Cornell University in 1998.

Mr. Salerno is a member of the Bar in New York.

Events and Webinars

June 11, 2015          
PLI's Acquiring or Selling the Privately Held Company 2015

February 6, 2013      
Governance Watch: Lessons for Acquirers and their Boards

December 5, 2012    
11th Annual Corporate Governance and Disclosure Seminar

Honors and Distinctions

The Legal 500 U.S. - M&A: Mega-Deals.

The AmLaw Daily - Dealmaker of the Week.

Law360 - "Rising Star" in Mergers and Acquisitions.

IFLR 1000: The Guide to the World’s Leading Law Firms - Mergers and Acquisitions.

Education

Fordham University School of Law (J.D., 2001)

Cornell University (B.A., 1998)

Bar Admissions

New York - October 2002

Areas of Law

Mergers, Acquisitions and Joint Ventures

Private Equity

Regions

United States

Matthew P. Salerno is associated with the following items:
Course Handbooks  Course Handbooks Spin-offs 2017
On-Demand Web Programs  On-Demand Web Programs Spin-offs 2017, Wednesday, March 01, 2017, New York, NY
Live Seminar  Live Seminar Spin-offs 2018, Monday, February 12, 2018, New York, NY
Live Webcast  Live Webcast Spin-offs 2018, Monday, February 12, 2018, New York, NY
PLI Grpcast-Live Web  PLI Grpcast-Live Web Spin-offs 2018, Monday, February 12, 2018, Cleveland, OH
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